Federal Taxes: As A New Business Owner, What Do You Need To Know?

Here are a few links – which is not all-inclusive – to basic federal tax information for people who are starting a business, as well as information to assist in making basic business decisions. Other steps may be appropriate for your specific type of business.

SPOTLIGHT #1: The IRS - Income Tax Highlights Current tax policy is often a creature of history. To understand the origins of current tax laws, peruse a brief synopsis describing the development of the income tax over the last 150 years.